Virgin Galactic shares have been on a blistering run and analysts see a variety of factors driving the space tourism company’s stock momentum, from investor excitement about space to speculation about the company’s valuation.
“Lately, we are having more conversations on SPCE than any other US stock in our coverage with the possible exception of Tesla,” Morgan Stanley analyst Adam Jonas wrote in a note to investors on Wednesday.
Jonas, well known for his early calls on Tesla, has recently been also looking at the fast-growing space industry.
Shares of Virgin Galactic have climbed more than 170% since closing at a low of $7.22 in early December, just a month after it went public. The stock’s…